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Goldmansachs

Bitcoin: Overpriced or Next Leg Up?Bitcoin (BTC) has been all the rage these last 9 months or so. Back in March 2017 BTC reached around the price of gold at around $1277. Personally, I didn't think that it could surpass one of the most coveted hard assets around. How wrong I was. BTC pulled back down to around $1000 in April. From there, BTC sky-rocketed up to its current price of $6,370 with almost no slow down in sight. If you look at this chart, BTC's RSI is up to 80.04. Fundamentally, this screams "overbought." But, is Bitcoin really overbought? It hasn't been around long enough for us to completely understand how this asset is supposed to perform in financial markets. The other day Goldman Sachs came out saying Bitcoin is a necessary piece to anyone's portfolio. This will send BTC screaming much higher. I wouldn't be at all surprised if it reached $8,000 by Christmas. However, here is my warning to you: Goldman Sachs may be a key piece into bringing down the market. Why would I say that? Easy. Big players in the market, or "whales," can cause an extreme amount of manipulation. If Goldman Sachs' activity in the crypto market increases the volume to a great extent, it will drive the price much higher. You might be saying to yourself, "Well, what's the problem with that? WE GETTIN' RICH BABY!" That may be true for now, but if Goldman Sachs owns a majority of the crypto market, when they sell off it could have a large whale-like impact on cryptos sending those puppies down into the abyss. I'm skeptical that there may be political interest at play here. Why would such a big player in the markets get in so late? If they send the market down, I would have no doubt that big banks like them would scoop up all these cryptos at lows prices in order to bend them to their will. They do the same thing with gold and silver. Manipulation takes place in every financial asset, that's just the twisted world that we live in. I'm not saying don't buy BTC, but be ready sell. Don't get too greedy. If you're up 1000%, for god's sake, sell. Those are phenomenal gains. One last word of wisdom: when others are fearful, be greedy. When others are greedy, be fearful. Buy low and sell high my friends.
COINBASE:BTCUSD
by micahjmiller
2
Target zone for wave 5, comment on Sheba Jafari & Goldman Sachs If the corrective wave 4 is concluded, and it looks like it is, the target for BTCUSD is minimum $6000. If the correction is not over, then what is wave 4 for now, will become wave A, and we'll see wave C going below $3000, then wave 5 will proceed with slightly lower target. The structure of BTC movement during last years is perfect, textbook Elliott Wave. Wave 5, that Sheba Jafari of Goldman Sachs was referring to was only the internal wave of wave 3 visible above. CNBC also reported on her analysis on Mon, 14 Aug 2017. You can check it out. Here I present the bigger picture of what she was talking about.
BITFINEX:BTCUSDLong
by Petros
4
Why Goldman Sachs Predicted Bitcoin Bottom for ~$2300If you saw my last Bitcoin idea (see link to related idea below) you would know that this big downward move we are experiencing right now was to be expected. I have received private messages of people asking me "How can I know where the bottom is?" and the answer is that you can't know for sure. But you can try to predict the bottom of this downtrend - and this is what Goldman Sachs probably did too. When the GS analysts made their prediction of BTC going to $2200 - $2300 they were estimating the top to be reached at ~$4830. The real top was a little higher, so we'll have to factor that in. If you look at my chart though I have set the top of the fibonacci retracement tool at the level GS was working with to better understand how they made that prediction. Besides fibonacci levels the next important part is Elliott Wave analysis. In my last idea I said that I am not sure whether we are past wave 5 or not. At this level I can confidently say that we are most definitely past wave 5 - and that puts us in wave A . Wave A is one of the corrective waves of the big ABC correction pattern (see Wikipedia article on Elliott Waves if you are not familiar with how the principle works). After this wave A is completed we should see wave B, a wave that goes against the trend (meaning: up). It is typical for people during wave B to think that the bear market is over, so be careful once we are there and think twice before buying. Because after wave B comes wave C , another big corrective wave that can (and probably will) extend further than wave A. On this chart I give you an example of how our ABC wave can look like. However, it is not possible for me to say how long wave A will be for sure. The same thing applies for the other two waves that will come. What we know though is that GS has predicted a bottom to be at ~$2200 - $2300. And as you can see on the chart that price range coincides with an important fibonacci level. It is typical for a market to take back around 60% of its value after a cycle ends. And this is the reason why GS predicted that price range to be the bottom of the big correction that was to come. Conclusion: Get ready for an end of the downtrend once we reach ~$2400. Be careful when going long before that level is reached.
BITFINEX:BTCUSD
by TALife
24
YY inc. initiated with a Buy at Goldman Sachs Goldman Sachs analyst Fan Liu started YY with a Buy rating and $101 price target, saying it is expected that the early pioneer in live streaming can sustain its leadership position. Bullish option flow detected in YY with 1,761 calls trading, 3x expected, and implied vol increasing over 2 points to 43.16%. 9/22 weekly 65 calls and Sep-17 85 calls are the most active options, with total volume in those strikes near 840 contracts. The Put/Call Ratio is 0.54. Earnings are expected on November 21st Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years. Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits. Thanks to a sound financial situation, the firm has significant leeway for investment. Historically, the company has been releasing figures that are above expectations. The company's attractive earnings multiples are brought to light by a P/E ratio at 13.31 for the current year. Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects. Over the past year, analysts have regularly revised upwards their sales forecast for the company. For several months, analysts have been revising their EPS estimates roughly upwards. For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner. Analysts covering this company mostly recommend stock overweighting or purchase. The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
YLong
by StrattonOakmontResearch
Goldman Sachs - Not looking good...If you are looking for a large cap stock to short, Goldman Sachs might just be a good one to look at. Fundamental The fundamentals for Goldman is showing signs of concern - 1) Revenue has been falling for the past 3 years; 2) Net income has been hovering without growth for the past 5 years; 3) Operating and free cash flow has been falling for the past 2 years; 4) ROA is hovering below 1.00 (industry average is currently 2.85%); and 5) ROE is hovering below 10. Technical Price has completed a 5-wave structure since June 2016, and we are currently seeing a potential development of an ABC structure towards 185.1 - 182.8 region. Combining the fundamental and technical development, I will have my bias on shorting GS in the short term.
NYSE:GSShort
by KarYong
GS Long from 205.50-204.50After GS top of 255 This Winter, It now approaches a critical target price of 205$. Today it trades at 213$ a share. GS is a buy at 205-204, however, if it slips below 200 and holds at 199-198, then we will likely see a decline of at least another 15 points, likely finding a bottom around 185 or 178. IF it does not find a bottom even at 178, we will likely see another decline, this time toward 155 or 150 dollars a share. These are the options for price bottoms right now.
NYSE:GS
by davesp1903